Bitcoin's price has surged back to $96,000, and analysts are predicting it could reach $109,000 next, with key levels suggesting a breakout. This prediction comes after Bitcoin reached a new all-time high of $99,419, just inches away from the $100,000 milestone, and has rallied over 9% so far this week.¹
The bullish momentum is supported by the rising Bitcoin spot Exchange Traded Funds (ETF), which accounted for over $2.8 billion inflow until Thursday. BlackRock and Grayscale's recent launch of the Bitcoin ETF options also fueled the rally this week.
Looking ahead, some analysts predict that Bitcoin's price could reach $122,632.90 by 2030, representing a significant increase from its current price.² However, it's essential to note that cryptocurrency markets can be highly volatile, and prices may fluctuate rapidly.
